Karachi, March 29, 2024: In a bid to enhance the tax-to-GDP ratio and mitigate budget deficits, advocacy firm Mustehkam Pakistan highlights the urgency for Pakistan to address tax evasion and illicit trade, estimating losses exceeding Rs 1 trillion across key sectors.
Karachi, June 24, 2023: The intelligence and investigation office of the Federal Board of Revenue (FBR) has uncovered a significant case of sales tax evasion by battery manufacturers.
Karachi, June 23, 2023 – The Directorate of Intelligence and Investigation (Inland Revenue) – I&I IR, Karachi has intensified its efforts to combat the issuance of fake and flying sales tax invoices by the fashion designers.
Lahore, June 22, 2023: The Directorate of Intelligence & Investigation (Inland Revenue) Lahore has unearthed a staggering case of sales tax evasion worth billions of rupees by a highly regarded company.
Islamabad, June 7, 2023: An international research body, Ipsos, has uncovered a staggering amount of Rs956 billion annual in tax evasion within five key sectors of Pakistan. The report shed light on tax evasion occurring in the real estate, tea, cigarette, tires and oil lubricants, and pharmaceutical industries.
KARACHI: The tax authorities have powers to arrest tax evaders without warrants for concealment of income or assets.
ISLAMABAD: Federal Board of Revenue (FBR) has authorized Directorate General of Intelligence and Investigation (I&I) to access business premises for detecting tax evasion and revenue leakages. The FBR through a notification authorized the DG I&I IR to carry out intelligence activities, access and verification of business premises, access to record/documents or system maintained therein, intelligence […]
ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued rules to reward tax officials and informers on detection and recovery of evaded amount. The FBR issued SRO 78(I)/2021 and said that officers and staff deputed to exercise powers, enforce and/or perform functions and duties in designated entities under the specified statutes and informers or whistleblowers. […]
KARACHI: Tax authorities have captured millions of rupees cash transactions by many dress designers. The authorities are now making assessment on the basis of such transactions for imposing income tax for past five years, sources said on Wednesday. The sources said that the tax authorities had captured the cash transactions while disguising themselves as customers […]
ISLAMABAD: The income tax rules has described the procedure for a person to get registered as an informer with Federal Board of Revenue (FBR) in order to provide information of tax evasion and get reward as per law. The tax officials said that Income Tax Rules, 2002 has explained the criteria for a person to […]